USA: Nestle mulling sale of confectionery business
FMCG giant Nestle has revealed that it is considering the divestment of its confectionery brands in the USA, as part of a “strategic review” in the country. Announcing the move in a statement, the firm said that it would “explore strategic options for its US confectionery business, including a potential sale”, emphasising that the review […]
Canada: Nurtrinor to acquire Fromagerie Champetre
Nurtrinor, a Canada based agri-food cooperative, has acquired a majority stake in cheese specialist Fromagerie Champetre, company based in Repentigny in Canada. The acquisition, according to a company statement, is part of a three-year investment plan to strengthening Nutrinor’s position in the agri-food sector, enabling the cooperative to position itself on the dairy processing market outside […]
USA: Amazon to acquire Whole Foods Market
US e-commerce giant Amazon has agreed to acquire the retailer Whole Foods Market for $13.7 billion including net debt. The acqusition is the latest in a series of significant moves by Amazon into FMCG retailing, including the opening of its first bricks-and-mortar grocery store in December of last year. According to Food Business News, the […]
USA: Pernod Ricard to take stake in Del Maguey Single Village Mezcal
Leading wine and spirits firm Pernod Ricard is to take a majority stake in Del Maguey Single Village Mezcal, a producer of artisanal and hand-crafted mezcals. Founded in 1995, Del Maguey Single Village Mezcal produces a range of hand-crafted mezcals from the Oaxaca region of Mexico. “We partnered with Pernod Ricard because they understand and appreciate […]
USA: Tyson Foods acquires AdvancePierre for $4.2 billion
US meat processor Tyson Foods has concluded the acquisition of AdvancePierre for an approximate transaction value of $4.2 billion. With a workforce of 4,500, AdvancePierre makes snacks and ready-to-eat sandwiches, generating revenue of $1.6 billion in 2016. According to Tom Hayes, president and chief executive officer of Tyson Foods, the merger of Tyson and AdvencePierre […]
USA: JM Smucker acquires Wesson brand from Conagra
US-based food producer JM Smucker has signed an agreement to acquire oil brand Wesson from Conagra Brands, in an all-cash transaction worth about $285 million. Under the new agreement, Conagra Brands will remain as the producer of the Wesson branded products and provide certain other transition services for up to one year. After this point, production […]
USA: Niagara Bottling to invest $76 million in new facility
Niagara Bottling, a leading bottled water manufacturer in the US, is set to invest $76 million in a new facility in Mesa, Arizona. The new 450,000 sq ft facility, which is expected to create between 45 and 55 new jobs, will be operational by 2018. “Niagara Bottling is a responsible, family-owned company that is committed […]
USA: Molson Coors to distribute Sol brand
US-based multinational beermaker Molson Coors has signed an agreement with multinational Dutch brewer Heineken for the import and distribution of the Sol brand in the US. The 10-year agreement will allow MillerCoors, the US division of Molson Coors, to import, market and distribute the Sol brand in the US market. According to a Foodbev report, the […]
USA: Schwan’s Company to acquire MaMa Rosa’s
US frozen food maker Schwan’s Company has agreed to acquire pizza maker MaMa Rosa’s for an undisclosed amount. MaMa Rosa’s produces and sells refrigerated pizzas under the MaMa Rosa’s and Fight’n Tomato Pizza Co. brands, and operates a 160,000 sq ft facility in Sidney, OH “We are extremely excited to have MaMa Rosa’s join the […]
USA: Beam Suntory partners with White Coffee
Beam Suntory, the US spirits manufacturer,has partnered with White Coffee to create Jim Beam Bourbon Flavored Coffees, a line of non-alcoholic coffees. The new line, infused with 100% Arabica coffee, is said to feature “Jim Beam’s rich flavor, offering mellow hints of caramel and vanilla”. Five varieties will be available in stores nationwide from spring: […]